Hongfa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hongfa Technology has a total shareholder equity of CN¥12.2B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are CN¥20.6B and CN¥8.4B respectively. Hongfa Technology's EBIT is CN¥2.4B making its interest coverage ratio 25.5. It has cash and short-term investments of CN¥3.7B.
Key information
32.0%
Debt to equity ratio
CN¥3.91b
Debt
| Interest coverage ratio | 25.5x |
| Cash | CN¥3.72b |
| Equity | CN¥12.21b |
| Total liabilities | CN¥8.38b |
| Total assets | CN¥20.59b |
Recent financial health updates
Recent updates
Is Hongfa Technology Co., Ltd. (SHSE:600885) Potentially Undervalued?
Nov 14
Earnings Working Against Hongfa Technology Co., Ltd.'s (SHSE:600885) Share Price
Oct 16Return Trends At Hongfa Technology (SHSE:600885) Aren't Appealing
Oct 03Is There An Opportunity With Hongfa Technology Co., Ltd.'s (SHSE:600885) 20% Undervaluation?
Sep 05Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Aug 23Why Hongfa Technology Co., Ltd. (SHSE:600885) Could Be Worth Watching
Aug 05Returns On Capital At Hongfa Technology (SHSE:600885) Have Hit The Brakes
Jul 04Why Investors Shouldn't Be Surprised By Hongfa Technology Co., Ltd.'s (SHSE:600885) Low P/E
Jun 20Does This Valuation Of Hongfa Technology Co., Ltd. (SHSE:600885) Imply Investors Are Overpaying?
May 22Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Apr 02Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?
Mar 26Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings
Mar 13Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 600885's short term assets (CN¥12.9B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600885's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600885's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 600885's debt to equity ratio has increased from 23.6% to 32% over the past 5 years.
Debt Coverage: 600885's debt is well covered by operating cash flow (56.3%).
Interest Coverage: 600885's interest payments on its debt are well covered by EBIT (25.5x coverage).